Do you know the difference between the deficit and the national debt? (Prove it in the comments)
Deficit is the change over a year, debt is the total.
God damn Rebel, you seem a little bossy today.
Debt is accumulated total. Deficit is yearly over spending. I take economics
What they said - deficit has to do with the yearly budget and debt has to do with all the deficit added up
Hey sk, I'm passing through Cincinnati in a couple weeks, just saying.
Deficit is how stupid the government is.
Debt is how stupid the government was, plus interest.
Hahaha....this pretty well sums it up in layman's terms...well done
Debt is the total sum an entity owes to another entity,
Deficit is the total sum a nation has available
Deficit is government income minus expenses (usually results in negative number) and debt is the total amount the government has spent due to a deficit (money it has to borrow).
The deficit is how much we overspend annually. The national debt is the result of said overspending.
The best definition is;
Deficit is the amount of money that is short of a spending goal.
The National Debt is what the government owes others for over spending.
Debt is how much we owe, deficit is how much over budget we are per year.
And no cheating!
Deficit = amount the government will borrow this year
Debt = amount the government has borrowed in total
Dude, it is 4:30am. So it's exactly what you said above.
At least that looks right. I dunno, the words are kinda blurry.
Haha, go to bed kris you're drunk